Title
Approving the use of loan and grant funds through the Neighborhood Star Year-Round Program for Bars Bakery.
Body
WHEREAS, on November 9, 2011 the Neighborhood STAR Board reviewed a proposal for STAR grant and loan financing through the Neighborhood STAR Year-Round Program to assist Bars Bakery LLC with the creation and installation of a lighted sign at 612 Selby Avenue; and
WHEREAS, the Neighborhood STAR Board rated this project a 3.2 on a scale from 1 (low) to 5 (high); and
WHEREAS, it is the intent of the Mayor and the Saint Paul City Council to participate in the financing of these activities by providing up to $1,500 in grant funding and $1,500 in loan financing through the Ward 1 Neighborhood STAR Year-Round Program; and
WHEREAS a waiver to the STAR Guideline in regards to the $1 for $1 matching funds requirement is being recommended; now, therefore be it
RESOLVED, upon the recommendation of the Mayor, the Council of the City of Saint Paul hereby authorizes and directs the appropriate City officials to execute the necessary grant documents to implement this Resolution, subject to approval by the City Attorney; and be it
FINALLY RESOLVED, staff of the Department of Planning and Economic Development are further authorized and directed to proceed with all other actions necessary to implement this Resolution.